solar street lighting market
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Why will Demand for Solar Street 
Lighting Systems Surge in Asia-Pacific in 
Coming Years?
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With the falling prices of solar panels, the demand for solar street lighting solutions is rising sharply across the world. As 
per a report published by the National Renewable Energy Laboratory (NREL), the prices of solar panels plunged from 
$10/W to around $2/W from 1980 to 2010, registering a decline of as much as 80% over 30 years. Moreover, the prices 
further fell from $0.70/W to $0.35/W, which registered a drop of 50% from 2015 to 2019. 
The fall in the prices of these panels has caused a sharp decline in the prices of solar lighting systems, thereby boosting 
their popularity globally. Besides, the surging number of smart cities in several countries is also propelling the expansion 
of the global solar street lighting market. In recent years, many smart city development projects have been 
launched in the U.S., China, India, Saudi Arabia, and South Korea. China has invested quite heavily in these projects as 
compared to the other countries in the Asia-Pacific (APAC) region.
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Additionally, a Letter of Intent was signed by South Korea with Malaysia in September 2018 for building a smart city in 
Kota Kinabalu, which is the capital of Sabah, Malaysia. This smart city development project is predicted to massively 
push up the requirement for energy efficient lighting systems in the country. Furthermore, many countries, such as the 
U.S., India, Germany, and China are making huge investments in infrastructure development, particularly highway and 
roadway development, owing to the rising vehicular traffic. 
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This is also predicted to fuel the solar street lighting market at a CAGR of 9.4% between 2020 and 2030 (forecast 
period). Furthermore, the value of the market is expected to surge from $5.7 billion in 2019 to $14.6 billion by 2030. 
Depending on structure type, solar street lighting systems are classified into standalone, portable, and centralized 
categories. Amongst these, the demand for centralized lighting systems was found to be the highest during the last few 
years and this trend is predicted to continue in the coming years as well.
This is attributed to the fact that centralized on-grid solar street lighting systems provide seamless functionality. 
Bridges, airport runways, highways and roadways, manufacturing sites, parking lots, and parks and playgrounds are the 
major areas in which solar street lighting systems are deployed. Amongst these, the demand for these systems is 
predicted to be the highest in highways and roadways in the coming years. This is credited to the increasing focus of 
several governments on building world-class infrastructure and deploying solar lighting systems on highways and 
roadways. 
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Geographically, the solar street lighting market was dominated by the APAC region in the years gone by and the market 
will also exhibit huge expansion in this region during the forecast period, as per the estimates of the market research 
company, P&S Intelligence. This is ascribed to the rising urbanization rate and the launch of several initiatives aimed at 
augmenting the adoption of solar street lighting systems in regional countries such as India, Japan, and China. 
Additionally, China is increasingly focusing on solar photovoltaic (PV) capacity building, which is also propelling the 
market advancement in the country.
Hence, it is clear that the demand for solar street lighting systems will surge in the coming years, primarily because of 
the growing popularity of solar energy, falling prices of solar panels, and increasing number of smart cities all over the 
world. 
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Market Segmentation
• Market Segmentation by Structure Type  Controller
 Standalone • Market Segmentation by Installation
 Centralized  Retrofit
 Portable  New
• Market Segmentation by Component • Market Segmentation by Application
 Lamp  Highway & Roadway
o Compact fluorescent light (CFL)  Bridge
o Light-emitting diode (LED)  Airport Runway
o Metal halide  Park & Playground
o Sodium vapor  Manufacturing Site
o Others (including induction and plasma lamps)  Parking Lot
 Solar Panel  Others (Including Agriculture and Educational Institution)
 Battery
• Market Segmentation by Region
o Lead acid
 North America Solar Street Lighting Market
o Lithium-Ion
 Europe Solar Street Lighting Market
o Others (including salt water and nickel cadmium [NiCad] and nickel 
 Asia-Pacific (APAC) Solar Street Lighting Market
iron [NiFe] batteries)
 Latin America (LATAM) Solar Street Lighting Market
 Middle East and Africa (MEA) Solar Street Lighting Market
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